Source: Boeing Demonstrates commitment to aviation safety, improves quality for Boeing Commercial Airplanes Leverages Boeing enterprise engineering and manufacturing capabilities Maintains continuity for key U.S. defense and national security programs Supports supply chain stability and critical manufacturing workforce Provides long-term value for commercial and defense customers, employees and shareholders Boeing announced it has entered into a definitive agreement to acquire Spirit AeroSystems. The merger is an all-stock transaction at an equity value of approximately $4.7 billion, or $37.25 per share. The total transaction value is approximately $8.3 billion, including Spirit's last reported net debt. Each share of Spirit common stock will be exchanged for a number of shares of Boeing common stock equal to an exchange ratio between 0.18 and [...]

Source: Airbus Airbus SE (stock exchange symbol: AIR) has entered into a binding term sheet agreement with Spirit AeroSystems in relation to a potential acquisition of major activities related to Airbus, notably the production of A350 fuselage sections in Kinston, North Carolina, U.S., and St. Nazaire, France; of the A220’s wings and mid-fuselage in Belfast, Northern Ireland, and Casablanca, Morocco; as well as of the A220 pylons in Wichita, Kansas, U.S. With this agreement, Airbus aims to ensure stability of supply for its commercial aircraft programmes through a more sustainable way forward, both operationally and financially, for the various Airbus work packages that Spirit AeroSystems is responsible for today. The transaction would cover the acquisition of these activities. Airbus will [...]

Source: Eve Air Eve Air Mobility ("Eve"), a global electric vertical take-off and landing (eVTOL) aircraft manufacturer and services provider, has announced $94M in new equity financing from multiple investors. The funding, which includes the issuance of new shares of common stock and warrants, includes participation from a diverse group of global industrial companies that include Embraer, Nidec and additional financial investors. The new funding strongly positions the company for future success and will support the continued development and manufacturing of the company’s eVTOL. “We appreciate the confidence that these investors are placing in Eve. The new equity, along with existing cash and credit lines, ensures Eve is well positioned as we continue to build momentum and advance in the development [...]

Source: Boeing Tracks progress on company goals for global aerospace safety, innovation and clean technologies, diversity and inclusion and community engagement. Highlights "avoid first, remove second" company strategy and adds investments in permanent carbon removals. Boeing  released its 2024 Sustainability & Social Impact Report, outlining our progress in support of our people, our environment, and our communities. "We're honored to share the steady progress we've made on sustainability, which will always be anchored in safety and quality," said Boeing Chief Sustainability Officer Brian Moran. "As we recommit to these fundamental values, it is energizing to see our company's focus on helping our industry decarbonize while uplifting our communities and driving a culture of inclusion where everyone's voice is heard." Progress [...]